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Pivot Trading

  • #35,761
  • Mar 24, 2020 3:04pm Mar 24, 2020 3:04pm
Quoting GreenEarth
{quote} Our Politicians are real beauties aren't they !!!! GE
You made a wrong statement. It should have been "ALL Politicians are real beauties aren't they !!!! GE".
  • #35,762
  • Mar 24, 2020 3:29pm Mar 24, 2020 3:29pm
Quoting Mundo
Hope everyone is well and staying safe. I have not traded this year at all. Had some loss from holding AN from last year. But had decided to take my account balance and open a company. Unfortunately, it's an event and entertainment company and...yes...there will be none of that for a while. Go figure. We are all well here even though our president has been a real problem for the country. He is advicing folks to go out and help the economy, that until he says so there will be no need to stay home safe. Brilliant idea... I have been having my own...
Welcome back
Its tough times I can imagine town that relies on tourism and poor country like Mexico devastating.I hope you find best way out.Stay green and safe
In trading, you have to be defensive and aggressive at the same time
  • #35,763
  • Edited 3:47pm Mar 24, 2020 3:31pm | Edited 3:47pm
Closed more UJ
This is a trade that I gave heads up.Not the best set up but money is money.
Ideally I like my stats to end 5pm for the day but it ends at midnight so going with it. UP over 2k for the day.
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In trading, you have to be defensive and aggressive at the same time
  • #35,764
  • Mar 24, 2020 3:38pm Mar 24, 2020 3:38pm
Nice drop on UC
Should everything go well I'll recover very good portion of my loss during virus crises in very short period.That's the goal
Spike did not erase your skills as traders! Its part of you.Once a trader always a trader at least real ones.
In trading, you have to be defensive and aggressive at the same time
  • #35,765
  • Edited 9:37pm Mar 24, 2020 4:08pm | Edited 9:37pm
Good chance GU retrace back to 1680 area great spot to build solid longs.WP is a place to watch for correction.
I dont think at this point correction will go deep.
check out WP
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In trading, you have to be defensive and aggressive at the same time
  • #35,766
  • Mar 24, 2020 4:14pm Mar 24, 2020 4:14pm
GC shows no weakness on bear side so I anticipate it reaching R68
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In trading, you have to be defensive and aggressive at the same time
  • #35,767
  • Mar 24, 2020 4:18pm Mar 24, 2020 4:18pm
GC on 15min its flag formation.Price above MA's and likely to BO north.
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In trading, you have to be defensive and aggressive at the same time
  • #35,768
  • Mar 24, 2020 5:22pm Mar 24, 2020 5:22pm
A wrap for the day time to head out and do some work in my shop. Won 3 out 6 and finished the day in the Green.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #35,769
  • Mar 24, 2020 6:10pm Mar 24, 2020 6:10pm
Quoting Mundo
Hope everyone is well and staying safe. I have not traded this year at all. Had some loss from holding AN from last year. But had decided to take my account balance and open a company. Unfortunately, it's an event and entertainment company and...yes...there will be none of that for a while. Go figure. We are all well here even though our president has been a real problem for the country. He is advicing folks to go out and help the economy, that until he says so there will be no need to stay home safe. Brilliant idea... I have been having my own...
I have always enjoyed a week or 3 in SAN Jose Del Cabo and this year I decided to buy a small studio or 1 bedroom in the area. Not necessarily in a tourist area, but at least in a well developed district with the amenities we enjoy in Canada, within reason. Well you guessed it, I was in for a surprise. Prices, when converting from Cad are higher than cities like Vancouver, and yet an infrastructure that equals Guatemala. Unsustainable in my opinion and will soon be in for their own surprise. I still like the people but cannot even begin to rationalize how prices have risen in just the last few years.
  • #35,770
  • Mar 24, 2020 7:30pm Mar 24, 2020 7:30pm
Great opportunities lately
Took EC this evening in nice profit but with UC falling I am letting this ride more

Little feeling disappointed I dont see others posting their trades.Either not taking the trades or just not trading.Puzzling
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In trading, you have to be defensive and aggressive at the same time
  • #35,771
  • Edited 9:12pm Mar 24, 2020 8:53pm | Edited 9:12pm
decided to close EC may enter rebound wave again
trades so far since 5pm working on Weds!
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In trading, you have to be defensive and aggressive at the same time
  • #35,772
  • Mar 24, 2020 9:27pm Mar 24, 2020 9:27pm
Asia lost steam.Will have to wait London to show direction.I would love to see GU EU get beaten down so we can load up longs
I never like buying at the end of the moves always on dips and rallies if selling
https://www.forexfactory.com/showthr...3#post12164703
Below is trading 101 but trust me even after 10yrs there are still people doing these rookie mistakes

Trading should become automatic like playing a guitar but with sound principles.Once learned becomes part of you and hard to unlearn.
Attached Images
In trading, you have to be defensive and aggressive at the same time
  • #35,773
  • Mar 24, 2020 9:38pm Mar 24, 2020 9:38pm
Quoting Davit
Good chance GU retrace back to 1680 area great spot to build solid longs.WP is a place to watch for correction. I dont think at this point correction will go deep. check out WP {image}
check out WP
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In trading, you have to be defensive and aggressive at the same time
  • #35,774
  • Mar 24, 2020 9:40pm Mar 24, 2020 9:40pm
Entered a short on UJ @ $110.85 a few hours ago before I headed out to start organizing my workshop and naturally instead of continuing down it reversed right after I entered. I think the first item I'm going to build next is a case for my computer. My Wi-fi makes it out there so if I put my laptop in a dust free case then I can work out in the shop and keep a eye on my trades and be more productive instead of sitting in the office upstairs.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #35,775
  • Mar 24, 2020 9:43pm Mar 24, 2020 9:43pm
Quoting Romanov102
Entered a short on UJ @ $110.85 a few hours ago before I headed out to start organizing my workshop and naturally instead of continuing down it reversed right after I entered. I think the first item I'm going to build next is a case for my computer. My Wi-fi makes it out there so if I put my laptop in a dust free case then I can work out in the shop and keep a eye on my trades and be more productive instead of sitting in the office upstairs.
its heading to sub 108 but before that it may make a move up and clean up some weak shorts. this is the most insane pair of all in past 1 month. went from 101.30 to 111.58
  • #35,776
  • Mar 24, 2020 9:45pm Mar 24, 2020 9:45pm
Quoting Romanov102
Entered a short on UJ @ $110.85 a few hours ago before I headed out to start organizing my workshop and naturally instead of continuing down it reversed right after I entered. I think the first item I'm going to build next is a case for my computer. My Wi-fi makes it out there so if I put my laptop in a dust free case then I can work out in the shop and keep a eye on my trades and be more productive instead of sitting in the office upstairs.
That's great idea.Actually seating long time bad for back (dont ask)
I stand now more often go walks etc. Hemingway wrote his novels standing up with drink on his side.Can you imagine typing standing up well he did it.
I am thinking building a standing up tall platform for my PC so I dont bent over.

UJ is still valid. Needs little time
In trading, you have to be defensive and aggressive at the same time
  • #35,777
  • Mar 24, 2020 9:56pm Mar 24, 2020 9:56pm
short german dax. chances of a deal happening are very very slim the way lawmakers are behaving. this is hope rally at best. I will put sl at 9800 incase i am wrong

Quoting giveachance
short german dax. chances of a deal happening are very very slim the way lawmakers are behaving. this is hope rally at best. I will put sl at 9800 incase i am wrong
and here comes the deal. devil is in the details.
  • #35,778
  • Mar 24, 2020 10:28pm Mar 24, 2020 10:28pm
Hello Davit , dont be dissapointed if people dont post imo . posters tend to go quiet when times are tough or they're not doing as well as some,its a bit bruising to admit one is not going gangbusters ..... this will pass and sucessefull posters will be queing up to post soon enough cheers SP
  • #35,779
  • Mar 24, 2020 10:50pm Mar 24, 2020 10:50pm
Hi Davit,
Are you sleeping at all? Your results are excellent! GE said you have forgotten more about trading than many will ever know. I am noticing this in your trading style now. I am trying to get my template like yours, still truing it up. Just to be clear, the idiot proof method means you are looking for the reaction around the pivot, then you wait until the PA clears/closes below/above 21EMA before you enter, even if you have moved fairly away from the pivot? Also using 15/30 minutes for entry

I have found myself falling back on some trading behaviors that didn’t work well in the past, hence my original move to pivots. One of these is staying in DD longer than necessary. You must have overcome that one. Just trying to get into your head and put that bad behavior in the past, my foundation as a trader is so much stronger since joining this thread. There are a few areas though that still linger.
Thanks Davit. You are truly leading by example.
  • #35,780
  • Edited 11:23pm Mar 24, 2020 11:00pm | Edited 11:23pm
Quoting rupasi
Hi Davit, Are you sleeping at all? Your results are excellent! GE said you have forgotten more about trading than many will ever know. I am noticing this in your trading style now. I am trying to get my template like yours, still truing it up. Just to be clear, the idiot proof method means you are looking for the reaction around the pivot, then you wait until the PA clears/closes below/above 21EMA before you enter, even if you have moved fairly away from the pivot? Also using 15/30 minutes for entry I have found myself falling back on some trading...
Everything is same 21EMA is delay tactic to see where PA is going.Guys who know me longer know that I trade swings and repeatedly hit it over and over same pair.It might look random or not in sink but not true Example I hit GU long repeatedly and EC short.Both were according to pivots and direction.Its way to maximize gains from a swing.
Example I start original trade at R61 then exit at R38 wait for small rally then enter same trade again get out at WP watch PA and may enter on small rally to S38
Now if you only see me taking the trade at WP you might of missed where I was on the same swing.
Hope this helps and I have not forgotten trading on the contrary got better at it. 18% in 2days should speak on its own

As for sleep not much I have a goal that I want to reach.Once achieved will ease off on gas peddle.

Example should EC reach 5550-56 I might short again because my trajectory is 52. Down swings selling rallies up swings buying dips.This is trading core principles that I apply.

Its interesting what you said what others think about myself.Its more about what one thinks about himself and what he knows and does.That's the most important.You are the only person knows yourself best.
In trading, you have to be defensive and aggressive at the same time
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